Grant Thornton Advisors to acquire CBIZ in $5 bn cash deal
Grant Thornton Advisors announced an all‑cash acquisition of CBIZ with an enterprise value of $5 billion (approximately €4.4 billion). CBIZ shareholders will receive $55 per share, representing a 17.8% premium to the previous close and about a 54% premium to the 30‑day volume‑weighted average price. The transaction is slated to close in the fourth quarter of 2026, subject to shareholder approval and regulatory clearances. Upon completion CBIZ will be taken private and its NYSE shares will be delisted. The combined firm is expected to become the fifth‑largest professional‑services, tax and advisory provider in the United States, behind Deloitte, EY, KPMG and PwC, with annual revenue close to $7.5 billion and more than 34,500 professionals operating in over 20 countries across the Americas, Europe, the Middle East and Asia‑Pacific. Private‑equity firm New Mountain Capital will provide additional equity to finance the deal. CBIZ’s stock jumped roughly 17.5% in pre‑market trading after the announcement. Grant Thornton Advisors CEO Jim Peko said the merger expands the platform’s ability to support companies at every growth stage, while CBIZ President and CEO Jerry Grisko called the transaction a historic fusion that delivers significant value to shareholders.
Entities: CBIZ · Grant Thornton Advisors · Jerry Grisko · Jim Peko · New Mountain Capital
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] The transaction is expected to close in the fourth quarter of 2026, subject to shareholder and regulatory approval. (Timeline)
- [● 2 SOURCES] After completion, CBIZ will become privately held and its NYSE shares will be delisted. (Corporate Structure)
- [● 3 SOURCES] The combined firm will generate nearly $7.5 billion in annual revenue and employ more than 34,500 professionals across the Americas, Europe, the Middle East and Asia‑Pacific. (Financial and Workforce Scope)
- [● 3 SOURCES] The combined entity will become the fifth‑largest professional‑services, tax and advisory firm in the United States, behind Deloitte, EY, KPMG and PwC. (Industry Ranking)
- [● 3 SOURCES] New Mountain Capital will provide additional equity to finance the transaction. (Funding Source)
- [● 3 SOURCES] Grant Thornton Advisors will acquire CBIZ in an all‑cash transaction with an enterprise value of $5 billion (€4.395 billion). (Political)
- [● 3 SOURCES] CBIZ shareholders will receive $55 per share, a 17.8% premium to the prior close and about a 54% premium to the 30‑day volume‑weighted average price. (Key Data)
- [○ 1 SOURCE] CBIZ shares rose about 17.5% in pre‑market trading after the announcement. (Market Reaction)